slight decrease due to weak demand

Iron ore prices have fallen to their lowest level in over a year.

Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,480 VND/kg; and D10 CB300 ribbed steel bars at 13,580 VND/kg.

Viet-Italian steel brand, CB240 coiled steel is priced at 13,430 VND/kg; D10 CB300 ribbed steel bar is priced at 13,400 VND/kg.

Viet Duc Steel offers CB240 steel coils at 13,430 VND/kg and D10 CB300 ribbed steel bars at 13,690 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,300 VND/kg and D10 CB300 ribbed steel bars at 13,600 VND/kg.

VAS steel, with CB240 coiled steel at 13,350 VND/kg; D10 CB300 ribbed steel bar at 13,600 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel, with its CB240 coiled steel at 13,480 VND/kg; and D10 CB300 ribbed steel at 13,580 VND/kg.

At Viet Duc Steel, the current price for CB240 steel coils is 13,740 VND/kg; and for D10 CB300 ribbed steel bars, it is 13,990 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 13,650 VND/kg and D10 CB300 ribbed steel bars at 13,450 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,180 VND/kg; and D10 CB300 ribbed steel bars at 14,180 VND/kg.

Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,640 VND/kg; D10 CB300 ribbed steel bars have decreased to 13,580 VND/kg.

VAS steel, CB240 coil steel, is priced at 13,350 VND/kg; D10 CB300 ribbed steel bar is priced at 13,600 VND/kg.

Pomina steel, CB240 coiled steel is priced at 13,970 VND/kg; D10 CB300 ribbed steel bar is priced at 13,970 VND/kg.

Steel prices on the exchange.

Rebar futures on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 7 yuan to 3,127 yuan per ton.

Iron ore prices fell to their lowest level in more than a year, as investors weighed the prospect of weak Chinese demand amid an uneven economic recovery and stronger supply than the latest monetary easing measures from the world's top consumer.

The most actively traded January iron ore contract on China's Dalian Commodity Exchange (DCE) fell 4.5% to 658.5 yuan per ton, marking its weakest level since August 17, 2023.

The benchmark iron ore price for October delivery on the Singapore exchange fell 2.31% to $81.55 per ton.

Westpac analysts said in a note that: "Broader risk aversion is being bolstered by the weak outlook for Chinese demand, evidenced by weak new housing construction and a lack of offsetting from the infrastructure sector."

Crude iron ore production in the period from January to August increased by 4.1% year-on-year, according to data from the National Bureau of Statistics.

Meanwhile, stainless steel exports hit a record high in August, rising 33.4% year-on-year, according to Chinese consulting firm Mysteel.

Mysteel said the increase in exports, also up 18.9% from July, comes as manufacturers increasingly turn to global markets amid sluggish domestic demand this year.

China's central bank has provided 14-day cash rebates to its banking system at lower interest rates, signaling an intention to further stimulate monetary policy, although analysts say the funding itself is not a major easing policy.

The world's second-largest economy is struggling to boost growth despite a series of policies aimed at stimulating domestic spending. Speculation that Beijing would accelerate easing increased last week after the US Federal Reserve made a massive interest rate cut.

Source: https://kinhtedothi.vn/gia-thep-hom-nay-24-9-giam-nhe-do-nhu-cau-yeu.html